MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0007315
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Netel (India) Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.79 Cr
▲ 16% YoY
Net profit · FY 2025
₹71.7 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹3.37 Cr
EBITDA margin 10.6%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.11 Cr
Issued & subscribed
Open charges
₹20.28 Cr
Satisfied ₹20.47 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
169
Provident fund records
About Netel (India) Private Limited
Data last updated:
Netel (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 16 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2003PTC142228. Its GSTIN is 27AABCN8692H1Z0 (Maharashtra). The company holds 7 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.11 Cr. It was formerly known as Netel (India) Limited. It is led by directors including Ashley Jerome Dsa and Tushar Maloo Rajendraprasad.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Liberty Building Sir Vithaldas Thackersey Marg, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.79 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹71.7 Lakh (net margin 2.3%) and EBITDA of ₹3.37 Cr (EBITDA margin 10.6%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 169 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Netel India and Biomali. As per MCA filings, the company has open charges of ₹20.28 Cr and satisfied charges of ₹20.47 Cr on record. Court records list 19 cases involving the company, including 12 filed by the company and 7 filed against it; 4 cases are pending. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹13.21 Cr; the latest was in March 2019. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 523 overdue payments to 41 micro and small suppliers.
Netel (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0007315). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netel-india.com.
Company details
CIN U74999MH2003PTC142228
Registration Number 142228
Incorporation Date 16 September 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0007315
CIN history
Netel (India) has one previous CIN (Corporate Identification Number): U74999MH2003PLC142228. The current CIN is U74999MH2003PTC142228, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2003PTC142228 | Current |
| U74999MH2003PLC142228 | Previous |
Key People
Ashley Jerome Dsa Director Tushar Maloo Rajendraprasad Director Feroze Dhunjishaw Neterwala Director Recognitions & Rankings of Netel (India)
Contact details
Netel (India) Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressLiberty Building Sir Vithaldas Thackersey Marg, Mumbai, Maharashtra, India – 400020
- IndustryTravel and Hospitality, Consumer Professional Services
Comprehensive company report
Netel (India) Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Netel (India) operates two associated brands: Netel India and Biomali. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| netel-india.com | ||
| Produces devices that convert organic waste into soil enricher quickly and efficiently. | biomali.in |
Business activity
The main business activities of Netel (India) are manufacturing, professional, scientific and technical and water supply, sewerage and waste management. In detail, this covers computer, electronic, communication and scientific measuring & control equipment, other professional, scientific and technical activities and waste collection, treatment and disposal activities, materials recovery and other waste management services. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | |
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Netel (India) Private Limited, buy the company report.
Financials of Netel (India) Private Limited
FY 2025 filings availableNetel (India) Private Limited reported revenue of ₹31.79 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹31.79 Cr ▲ 16%
Net profit · FY 2025
₹71.7 Lakh margin 2.3%
EBITDA · FY 2025
₹3.37 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 4%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 27%
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 73% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹3.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.7 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Netel (India) Private Limited, buy the company report.
Board of directors of Netel (India) Private Limited
Netel (India) has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashley Jerome Dsa Also directs: Oil Field Instrumentation (India) Private Limited | Director | 09 Nov 2023 | 2 Years 11 Months | Current |
| Tushar Maloo Rajendraprasad | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
| Feroze Dhunjishaw Neterwala | Director | 16 Sep 2003 | 23 Years 1 Months | Current |
| Anosh Neterwala Also directs: Uni-Abex Alloy Products Limited, Aquasoil Private Limited, Oil Field Instrumentation (India) Private Limited and 5 more | Director | 21 Jun 2013 | 13 Years 4 Months | Current |
| Ramanathan Ramkumar Also directs: Swami Sharanam Advisors Private Limited | Director | 20 Sep 2017 | 9 Years 1 Months | Current |
| Anish Ghoshal | Director | 29 Jun 2005 | 21 Years 3 Months | Current |
Charges & borrowings
Open charges
₹20.28 Cr
Satisfied charges
₹20.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Aug 2020 | 100366782 | Axis Bank Limited | ₹77.98 Lakh | Open | |
| 28 Mar 2018 | 100180090 | Axis Bank Limited | ₹19.5 Cr | Open | |
| 08 Dec 2014 | 10540491 | The Zoroastrian Co-Operative Bank Limited | ₹73.5 Lakh | Satisfied | |
| 27 Jun 2012 | 10371624 | The Zoroastrian Co-Operative Bank Limited | ₹4.7 Cr | Satisfied | |
| 14 Oct 2011 | 10316200 | The Zoroastrian Co-Operative Bank Limited | ₹42.8 Lakh | Satisfied |
To see the full charge records of Netel (India) Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Netel (India) Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹13.21 Cr; the latest was in March 2019.
Total deals
9
Funding rounds
5
Secondary share transfers
4
Disclosed funding
₹13.21 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Chemicals and Ferro Alloys Private Limited Seller: Uni Deritend Limited |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2013 | Funding round | ₹99 Lakh | Investors: an individual |
| Mar 2011 | Funding round | ₹2.4 Cr | Investors: an individual |
To see the full deal history of Netel (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Netel (India) Private Limited has 19 court cases on record: 12 filed by Netel (India), 7 filed against it. 4 cases are pending and 15 are disposed.
Total cases
19
Filed by the company
12
Filed against the company
7
Pending
4
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 0 |
| High courts | 8 | 5 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Pending |
| High Court | Appeal | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-1, Thane | Pending |
| Supreme Court | Court case (-Ordinary Civil Matters) | Filed against the company by an individual | Disposed |
To see the full case history of Netel (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Netel (India) Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 523 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Netel (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Netel (India) has 7 GST registrations: 2 active and 5 cancelled or inactive.
Total GSTINs
7
Active
2
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN8692H1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 30AABCN8692H1ZD | Goa | Active | 08 Apr 2024 |
To see the full GST registrations and return filing status of Netel (India) Private Limited, buy the company report.
Recent activity
Netel (India) Private Limited has 17 board changes on record since 2003: 6 appointments and 11 cessations. The latest: Ashley Jerome Dsa ceased to be Additional Director on 19 Sep 2024.
AGM
Netel (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 19.50 Cr registered on 28 Mar 2018 with Charge ID 100180090 was modified on 26 Jun 2025.
Filing
Netel (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Ashley Jerome Dsa ceased to be Additional Director.
Appointed
Ashley Jerome Dsa was appointed as Director.
Ceased
Anuradha Viren Shah ceased to be Additional Director.
Ceased
Feroze Katila ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.78 Cr with Charge ID 100366782 was registered on 18 Aug 2020.
Charges
A charge registered on 08 Dec 2014 via Charge ID 10540491 with The Zoroastrian Co-Operative Bank Limited was fully satisfied on 30 May 2018.
Charges
A charge registered on 27 Jun 2012 via Charge ID 10371624 with The Zoroastrian Co-Operative Bank Limited was fully satisfied on 30 May 2018.
Charges
A charge registered on 14 Oct 2011 via Charge ID 10316200 with The Zoroastrian Co-Operative Bank Limited was fully satisfied on 30 May 2018.
Charges
A charge registered on 04 Feb 2011 via Charge ID 10271976 with The Zoroastrian Co-Operative Bank Limited was fully satisfied on 30 May 2018.
39 earlier events are in the company report.
Frequently asked questions
Netel (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 16 September 2003 (23+ years old) and is registered under CIN U74999MH2003PTC142228.
Netel (India) has 6 current directors:
- Ashley Jerome Dsa - Director
- Tushar Maloo Rajendraprasad - Director
- Feroze Dhunjishaw Neterwala - Director
- Anosh Neterwala - Director
- Ramanathan Ramkumar - Director
- Anish Ghoshal - Director
The latest financial statements of Netel (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Netel (India) is 27AABCN8692H1Z0, registered in Maharashtra. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 30AABCN8692H1ZD (Goa).
The CIN (Corporate Identification Number) of Netel (India) is U74999MH2003PTC142228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netel (India) has 19 court cases on record: 12 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Netel (India) was incorporated on 16 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Netel (India) has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹13.21 Cr; the latest was in March 2019.
Ashley Jerome Dsa ceased to be Additional Director on 19 Sep 2024. Ashley Jerome Dsa was appointed as Director on 09 Nov 2023. Anuradha Viren Shah ceased to be Additional Director on 05 Feb 2021. Netel (India) has 17 board changes on record in total.
Yes, Netel (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0007315).
Netel (India) has 10 MSME Form 1 returns on record between 2019 and 2023, listing 523 overdue payments to 41 micro and small suppliers. The latest return was filed on 31 Aug 2023.